China Sends Written Response to US Trade Reform Demands

China Sends Written Response to US Trade Reform Demands

China Sends Written Response to US Trade Reform Demands

National Economic Council director Larry Kudlow told reporters at the White House that the USA and Chinese governments were "now communicating at all levels and that's a very good thing". He said that the situation around the United States and China depends on Argentina, where a scheduled meeting trump and XI Jinping during the G20 summit.

Aside from trade matters, Pence also told Rogin that Washington is expecting Beijing to make concessions on "rampant intellectual property theft, forced technology transfer, restricted access to Chinese markets, respect for global rules and norms, efforts to limit freedom of navigation in worldwide waters and Chinese Communist Party interference in the politics of Western countries". "We're convinced China knows where we stand", he added.

The FT report also said "signs have emerged" that Lighthizer was "now more involved and participating in the negotiations", though it did not provide evidence or sources for this assertion. "What the offer did is now create an opportunity for the U.S. government to respond", said the person briefed.

"Working groups [of both sides] are keeping close contact to carefully carry out a consensus that the two leaders reached during the call", Gao Feng said Thursday.

U.S. stocks struggled to hold early gains on Tuesday after oil prices slumped, just as hopes were rising for progress in the American-China trade dispute. In Beijing, Trump's move was seen as an insult to Xi, who sent Liu to Washington for the negotiations, and cemented a view that Trump's real goal was to thwart China's rise.

China's Ministry of Commerce says high-level trade talks between officials from the world's two biggest economies have resumed. He has clashed with other White House and administration officials who wanted to take a softer line on China, including Treasury Secretary Steven Mnuchin and Kudlow's predecessor, Gary Cohn.

The United States had said it would not start formal negotiations on trade until it saw concrete proposals from China to address its concerns.

Lighthizer has played a key role in negotiating trade deals with South Korea, Canada and Mexico.

The world's two largest economies are already undergoing tension, especially after the U.S. imposed a 250 billion Dollars tariffs on Chinese exports.

The White House has deliberately curtailed trade advisor Peter Navarro's public profile amid a clash with top economic advisor Larry Kudlow, a person with knowledge of the matter told CNBC on condition of anonymity.

Kudlow said on Tuesday that Navarro wasn't speaking on behalf of Trump and he wasn't authorized by the White House to make those remarks.

However, the sources gave no further details and it was not clear if the response contained concessions that would satisfy Trump. Trump has rejected deals negotiated by aides such as Mnuchin and Ross that were focused on increasing purchases rather than substantive reforms.

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